Banking

Virginia Business Bank hits the reset button

But the ambitious plan requires the bank to raise $20 million and the lifting of a regulatory agreement. The bank seeks to pick up retail customers on the Eastern Shore.

Bank’s troubles haunt new owner

Why regulators won’t let a profitable, well-capitalized bank holding company throw its shareholders a bone.

Body blow for PE fund

A Richmond-based private equity fund lost more than half its value when a Florida bank hit the skids. But the fund’s managers and at least one investor remain hopeful that other investments will more than recoup those losses.

Local credit union reaches $2 billion in assets

An 82-year-old credit union reached and surpassed the $2 billion asset threshold during the second quarter and in the process became the third largest credit union in the state.

Bank deal now in hands of regulators

Bank of Virginia shareholders last week voted in favor of a deal that could bring the struggling bank fresh capital and some new leadership.